Oil prices fall 3.8pc on demand risks The Australian

Alex — Tue, 16 Dec 2008 05:04:46 +0000

CRUDE oil futures fell in New York, reversing earlier gains as the market overlooked a likely OPEC supply cut to refocus on demand.Light, sweet crude for January delivery settled down $US1.77, or 3.8 per cent, at $US44.51 a barrel on the New York...

Sadr ceasefire in Iraq may not be renewed: clerics

Alex — Thu, 21 Feb 2008 07:48:33 +0000

The six-month ceasefire order given by Iraqi Shiite cleric Moqtada al-Sadr to his Mahdi Army militia may not be renewed, his aides warned on Wednesday three days before the “freeze” expires.

“All possibilities are open concerning the prolongation or not of the halt of activities of the Mahdi Army. The matter is in the hands of Moqtada al-Sadr,” spokesman Salah al-Obeidi told AFP.

“The deadline is next Saturday,” Obeidi said from Sadr’s office in the central shrine city of Najaf, adding that an announcement could be made during the weekly Friday prayers.

If Sadr “does not make a pronouncement and no statement is issued, that would signify the end of the period of cessation of activities of the Mahdi Army,” Obeidi said.

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Oil prices fall 3.8pc on demand risks The Australian

Sadr ceasefire in Iraq may not be renewed: clerics